Ni Ketut P. got a loan of Rp. 1,300,000. It will be used to buy five piglets. At the time of lending, there were two people who could not attend. They are Ni Made M., because her son is in hospital, and another one, Ni Putu E., had gone to Denpasar.

Ni Ketut P. and her husband are very grateful to get another loan from MUK. Every month Ni Ketut P. spends the money she makes using the loans to pay family expenses: electricity and water Rp. 100,000 and for the kitchen Rp. 300,000. Ni Ketut P. and all members of the Kucup Mekar group really hope that their efforts can be successful and they can support themselves independently.

Additional Information

About Koperasi Mitra Usaha Kecil (MUK)

This loan is serviced by Koperasi Mitra Usaha Kecil (MUK), a microfinance cooperative headquartered in West Bali, Indonesia. MUK’s mission is to provide chronically poor people in Bali with opportunities to improve their lives, while raising social awareness of economic and environmental issues.
Most MUK clients live in rural settings on less than $1.25 per day. MUK’s financial products are targeted to clients’ productive activities including small businesses, farming, and livestock rearing. MUK supports clients with training in household budgeting, livestock rearing, and small business management.
MUK provides services to clients of all races and religions. For more information about MUK, please visit its partner page. Also, consider joining MUK’s Kiva lending team, Friends of Mitra Usaha Kecil.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.